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Google has agreed to pay a $55 million penalty for making anti-competitive agreements requiring Telstra and Optus to pre-install Google Search on Android devices they sold.
A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of successive attorneys-general to advance reforms clarifying the court’s power to make class closure orders.
Mastercard says legal professional privilege remained over a document after a junior lawyer "inadvertently" sent it to the ACCC in 2020 while the credit card giant was trying to dissuade the regulator from continuing an investigation into alleged anti-competitive conduct.
Magnis Energy Technologies has missed the deadline to file its evidence in ASIC proceedings over allegedly misleading disclosures about its lithium ion battery plant, with a court hearing the company's new lawyers have not had a chance to brief counsel.
Construction PRO
The Port Authority of NSW has won its claim for public interest immunity over six cabinet documents in a suit by a defunct sand importer over a lease agreement for a mulit-user facility at Glebe Island, with a judge finding they had little forensic value.
Online investment platform eToro has won its bid to rely on late expert evidence in ASIC's first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
The competition watchdog has raised concerns over the proposed tie-up of Kegstar and Konvoy -- the only operators in the niche industry of keg pooling -- saying the deal could mean higher prices.
Mercer Super faces enforcement action by ASIC, alleging the superannuation giant failed to inform the watchdog about investigations into serious issues, including a failure to refund premiums to dead members.
A landmark finding that Apple and Google misused their market power will boost competition claims -- including class actions -- against other dominant digital market players and could prompt the ACCC to consider action, experts told Lawyerly.
A rental company providing long-term leases for household items has been slugged with a $7.4 million penalty after a court found its loan agreements did not comply with credit laws.